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Bipartisan Bill Seeks to Increase Small Business Assistance During COVID-19

Small businesses struggling financially amid the coronavirus pandemic would benefit from a bill in Congress that seeks to increase funding for disaster-relief loans and grants. The bill, sponsored by Senator John Cornyn (R-Texas) with bipartisan support, would provide the Small Business Administration (SBA) with an additional $180 billion to fund the Ensuring Increased Disaster Loans Read More

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How Transfer-on-Death Deeds Can Help Avoid Probate

A significant goal of estate planning for many people is avoiding probate, the court process by which a will is proved and its provisions are carried out. The proceeding can be lengthy, expensive and complicated, especially for large estates with multiple creditors and contentious heirs. Among the ways to get around probate is to use Read More

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Dividing Closely Held Business Ownership in a Texas Divorce

Aside from the typical property division issues involved in divorce, there may be a business interest that both spouses may be entitled to share. This includes a stake in a closely held company, even if only one spouse is the actual owner. Texas is a community property state, which means that all property acquired by Read More

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Law Stops Texas Municipalities from Banning Certain Building Materials

In 2019, the Texas Legislature passed House Bill 2439, a state law prohibiting local municipalities from passing ordinances preventing the use of certain types of building materials. By expanding the range of what can be used during construction projects, the law is intended to save Texas builders and consumers money on construction costs. For the Read More

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Creating and Maintaining an Estate Plan Is Important for Everyone

Thinking about one’s own mortality can be uncomfortable, and people often hesitate to draft instructions regarding what should happen to their property after they die. However, the COVID-19 pandemic highlights how important it is to draft enforceable wills, trusts and power of attorney documents in order to safeguard the people they love. In response to Read More

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Court Rules Old Friendship Does Not Equal a Fiduciary Relationship

A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. The fiduciary must place the interests of the other above his or her own. This type of relationship can exist between a trustee and a beneficiary, a financial adviser and a client and other contexts Read More

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Pandemic’s Economic Effects Have Many Reviewing Bankruptcy Options

The COVID-19 pandemic has led to an onslaught of bankruptcies in Texas and all over the United States. The economic devastation of the pandemic has caused financial ruin to both large national brands and small Texas businesses in every sector of the economy. Struggling business owners who are considering bankruptcy should know what their options Read More

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Court Gives Texas Father Custody in Case Against Fiancé of Deceased Ex

When Texas parents divorce, the most contested issues often involve conservatorship, possession and access. Conservatorship, also known as child custody in many other jurisdictions, is the legal right and responsibility of a parent to make decisions about the health, education and welfare of the child. This can be granted jointly or given to one parent. Read More

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Charitable Gift Annuities and Your Estate Plan

Charitable gift annuities are a way to make donations to a nonprofit university, hospital or other charitable institution while receiving income and tax benefits in return. Donors (known as annuitants) can take a charitable deduction on their income taxes in the year the gift is made. In addition, they receive a long-term income stream. For Read More

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How Lien Stripping Works in Chapter 13 Bankruptcy

If you are like most homeowners, you purchased your house with a mortgage, which is a lien on the property that the lender can use to enforce payment of the loan. This first mortgage takes priority over any subsequent liens, such as those used to secure home equity loans or lines of credit. However, if Read More

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